Review:
Coso Erm Framework
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
The COSO ERM Framework is a widely recognized framework for enterprise risk management, providing a structured approach to identifying, assessing, and managing risks within an organization.
Key Features
- Risk identification
- Risk assessment
- Risk response
- Monitoring and reporting
Pros
- Comprehensive approach to risk management
- Recognized as a leading standard in the industry
- Provides a clear structure for implementing effective risk management practices
Cons
- Can be complex to implement for smaller organizations
- May require significant resources and expertise to fully adopt